Corporate profits distributed as dividends are
A)tax-free.
B)taxed once.
C)taxed twice.
D)taxed three times.

Name: Corporate profits distributed as dividends are A)tax-free. B)taxed once. C)taxed twice. D)taxed three times.
Brand: Quizplus
Rating: 4.7 (37 reviews)

Question

Quizplus · Accepted Answer

Corporate profits distributed as dividends are taxed twice: first at the corporate level as income (corporate income tax) and then at the individual level as dividend income when distributed to shareholders.

Corporate Profits Distributed as Dividends Are